LIC MF Equity Savings Fund
LIC Mutual Fund · Equity Savings · Direct plan, growth option
NAV (₹), 1 Oct 2026
32.1622
1-day change
-0.59%
1Y return
1.9%
3Y CAGR
8.1%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 31 Jul 2023 to 1 Oct 2026
Returns vs Equity Savings median (24 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -2.0% | -1.7% |
| 3 months | 0.8% | -0.3% |
| 6 months | 5.3% | 3.6% |
| Year to date | 0.9% | 0.8% |
| 1 year | 1.9% | 2.8% |
| 3 years (CAGR) | 8.1% | 8.1% |
| 5 years (CAGR) | n/a | 7.4% |
| 7 years (CAGR) | n/a | 9.1% |
| 10 years (CAGR) | n/a | 8.2% |
| Since first NAV (CAGR) | 8.1% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.3% | 8.8% |
| 3Y rolling median | 9.2% | 10.0% |
| 3Y rolling worst | 8.1% | 2.6% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | n/a | 9.8% |
| 5Y rolling worst | n/a | 6.6% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 7.2% | 5.2% |
| Sharpe ratio | 0.27 | 0.30 |
| Sortino ratio | 0.41 | 0.43 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −7.5% | −16.4% |
| Maximum drawdown, last 10Y | n/a | −17.7% |
| Maximum drawdown, last 5Y | n/a | −5.9% |
| Current drawdown | −2.3% | −2.0% |
| Recovery time of worst fall | 44 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme hold only part of their money in each of these markets; the mix is set by the scheme and changes over time.
22,421.95 −0.88%
NSE close, 1 Oct 2026
- P/E 19.2: higher than 0% of days since 2023 (median 22.1)
- 1Y −9.0% · 3Y +5.4% p.a. · 5Y +5.9% p.a. (index fund NAV, after costs)
- −14.8% from its 52-week high
6.78%
1 Jul 2026 · +0.43 pp in a year · 5Y average 6.90%
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.83% a year and the Direct plan's 1.86%, a gap of 0.97%; over the last 3 years the Direct plan returned 1.11 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹19,92,210.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER reduced from 1.88% to 1.86% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Siddharth Panjwani | FM1 Primary Fund manager - Equity & | 1 Jul 2026 |
| Pratik Harish Shroff | ArbitrageFM2 Primary Fund Manager - Debt | 26 Sep 2023 |
Objective: The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity and equity related instruments out of which - 65%-90%, Cash future arbitrage opportunities*$:-25%-75%, Net Long Equity exposure*- 15%-40%, Debt & Money market Instruments- 10%-35%, units issued by Infrastructure Investment Trusts (InvITs), Exchange Traded Commodity Derivatives (ETCDs) and mutual fund units including Gold ETFs, Silver ETFs- 0%-25%. The Scheme can take exposure to a stock for either or both arbitrage as well as unhedged exposure. Please refer the Scheme Information Document for complete details.
Benchmark (tier 1): NIFTY Equity Savings Index
Exit load: Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 3 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 3 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 3 months from the date of allotment.
Minimum application: ₹5,000
Allotment date: 7 Mar 2011
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 1.86% | 1.23% |
| AUM, whole scheme (₹ crore) | 39 | 774 |
| Riskometer | Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 2.9% | 1.5% TRI |
| Return, 3 years (AMFI) | 8.3% | 7.1% TRI |
| Return, 5 years (AMFI) | 7.4% | 6.6% TRI |
Official benchmark: Nifty Equity Savings Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Equity Savings Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 0.9% | n/a | – |
| 2025 | 8.5% | n/a | – |
| 2024 | 10.0% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,21,517 | 2.4% |
| 3 years | ₹3,60,000 | ₹3,92,528 | 5.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: LIC Mutual Fund
Category: Equity Savings
Plan / option: Direct · Growth
AMFI scheme code: 151952
ISIN: INF397L01AZ5
First NAV in MFIC data: 31 Jul 2023
History: 3.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| LIC MF Balanced Advantage Fund | Balanced Advantage | 0.91 | 7.6% |
| Mirae Asset Equity Savings Fund | Equity Savings | 0.91 | 9.6% |
| Aditya Birla Sun Life Balanced Advantage Fund | Balanced Advantage | 0.91 | 10.9% |
| LIC MF Aggressive Hybrid Fund | Aggressive Hybrid | 0.91 | 11.2% |
| Mirae Asset Aggressive Hybrid Fund | Aggressive Hybrid | 0.90 | 10.3% |
| Baroda BNP Paribas Equity Savings Fund | Equity Savings | 0.90 | 8.9% |
Questions about LIC MF Equity Savings Fund
- What is the latest NAV of LIC MF Equity Savings Fund?
- The NAV of the Direct plan (growth option) was ₹32.1622 on 1 Oct 2026, as published by AMFI.
- Which category is LIC MF Equity Savings Fund in?
- It is classified as Equity Savings in AMFI's daily NAV file. MFIC compares it with 24 Equity Savings schemes (Direct plans).
- What returns has LIC MF Equity Savings Fund delivered?
- Over one year the NAV changed by 1.9%. The 3-year CAGR is 8.1% (category median 8.1%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 9.2%, the lowest was 8.1%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in LIC MF Equity Savings Fund's NAV?
- The largest peak-to-trough fall in its available history was 7.5%.
- How volatile is LIC MF Equity Savings Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 7.2%, which is above the Equity Savings category median of 5.2%.
- What would a monthly SIP in LIC MF Equity Savings Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹3,92,528 on 1 Oct 2026, an annualised return (XIRR) of 5.7%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of LIC MF Equity Savings Fund?
- The total expense ratio of the Direct plan is 1.86% a year, as disclosed to AMFI (median of Equity Savings Direct plans: 1.23%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is LIC MF Equity Savings Fund?
- Assets under management of the whole scheme were ₹39 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of LIC MF Equity Savings Fund?
- AMFI lists the scheme's riskometer as “Moderate”, and its benchmark's as “Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of LIC MF Equity Savings Fund and how has it compared?
- Its official benchmark is the Nifty Equity Savings Index. Over 3 years AMFI reports a return of 8.3% for this plan against 7.1% for the benchmark total return index; over 5 years 7.4% against 6.6%. Past performance does not indicate future results.
- Who manages LIC MF Equity Savings Fund?
- According to its Scheme Summary Document, LIC MF Equity Savings Fund is managed by Siddharth Panjwani (since 1 Jul 2026), Pratik Harish Shroff (since 26 Sep 2023).
- What is the exit load of LIC MF Equity Savings Fund?
- As stated in its scheme documents: Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 3 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 3 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 3 months from the date of allotment. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in LIC MF Equity Savings Fund?
- The minimum application amount is ₹5,000. SIP details: SIP Details - 100, 150,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 1.9% and the Regular plan's by 0.8%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.